JPYC, the issuer of the Japanese yen stablecoin, has completed a Series B funding round of approximately $12 million, led by Asteria.

JPYC, the issuer of the Japanese yen stablecoin, announced the completion of its Series B funding round, raising approximately 1.78 billion yen (about US$12 million). The round was led by Japanese IT solutions provider Asteria, with participation primarily from Japanese companies and funds, and BitFlyer Holdings also investing. JPYC is scheduled to officially launch in October 2025 under Japan's regulatory framework for money transfers, positioning itself as an onshore yen stablecoin. The company has partnered with Densan Systems, which has a payment network covering approximately 65,000 convenience stores in Japan, to explore applications for domestic payments, cross-border remittances, and travel payments within convenience store settings. Furthermore, JPYC is also involved in Circle's StableFX stablecoin foreign exchange quotation system for cross-border settlements. (Ledger Insights)